Citing an “unfair” advantage for foreign competitors, American companies like Guardian Bikes and Red Gold have petitioned the US government for new tariffs on 700 imported goods. In detailed pleas, they argue that the current tariff structure is crippling their industries.
In its 11-page letter, Guardian Bikes claimed the US bike industry “was lost” due to 11 million annual imports, blaming “severe competition” from China. Kitchenware makers American Pan and Chicago Metallic similarly complained of China “flooding the market” with low-cost commercial cookware.
Red Gold’s 12-page letter detailed a specific “loophole.” The canner pays high tariffs (25-50%) on raw tinplate steel, while it claims importers of finished tin-plated cans pay “no comparable tariff,” giving them a significant price advantage.
This is the second such request in three months, and it’s being taken seriously. An August list of 407 items, which hit goods like German combine harvesters, was approved with a near-100% success rate, fueling fears that this new, larger list will also be greenlit.
While the complaints often target China, the tariffs would be applied globally. This is a major concern for US allies, as exporters from the UK (like Brompton) and Italy (like Pinarello and Bianchi) would be hit just as hard.
This new “derivative” tariff would be stacked on top of existing baseline trade deal rates. European industry leaders are calling the move a “mockery” of their agreements and are bracing for a decision expected in December or January.